Mind the DataSkyline AI Monitors Thousands of Properties in Real Time, Says CTO
Speaking at Calcalist’s annual Mind the Data conference Or Hiltch said Skyline AI’s algorithms can assess potential revenue and the best time to buy, sell, or remodel a certain property
When Or Hiltch, co-founder of New York-headquartered Skyline AI Ltd., decided to invest in real estate he realized that finding the right investment opportunities requires the processing of immense amounts of data.
Skyline AI’s technology continuously monitors thousands of properties to assess potential revenue and the best time to buy, sell, or remodel assets, Hiltch said.
Speaking Tuesday at Calcalist’s annual Mind the Data conference in Tel Aviv, held in collaboration with Israel’s Bank Leumi and accounting firm KPMG, Hiltch, the company’s chief technology officer, presented the technology developed by Skyline AI to address the issue.
Skyline AI uses machine learning technologies to analyze data from over 100 sources and find gainful real estate deals by factoring in the asset’s condition, the quality of management, and access to public facilities, among other parameters.
Founded in 2017, the company has raised $21 million to date from investors including Sequoia Capital Israel and TLV Partners. Last month, DWS Group GmbH & Co. KGaA, the asset management arm of Deutsche Bank AG, announced it will use Skyline AI’s technology to manage its real estate investments.